Appointment of Executive Director

Alecto Minerals plc / EPIC: ALO / Market: AIM / Sector: Exploration & Development

7 September 2012

Alecto Minerals plc ('Alecto' or 'the Company')

Appointment of Executive Director

Alecto Minerals plc, the AIM listed resource investment company, is pleased to announce the appointment of Mr. Michael Ware, who has over 30 years experience in developing exploration, development and production resource assets, as the Company's part-time Executive Director with immediate effect. Mr. Ware is a representative of Mr. Fahad Al-Tamimi, who is a cornerstone investor in the Company, and his appointment is designed to strengthen the relationship between the two parties as Alecto develops its 3,855 sq km portfolio of gold and base metal assets across both Mauritania and Ethiopia.

Michael, who has a B.Sc Geology from the University of New South Wales, has been instrumental in identifying, acquiring and developing mineral and resource assets across Asia, Africa, Middle East, South America, Australia and the Pacific. This has provided him with significant experience in numerous geological settings. Additionally, his strong experience covers a range of commodities including gold, platinum, base metals and industrial minerals and gemstones. Michael is a Fellow of the AusIMM and is a 'Competent Person' under the internationally recognised JORC code for reporting and publishing Exploration Results, Mineral Resource and Ore Reserve.

Alecto Managing Director Damian Conboy said, "We are extremely pleased to be working with Michael as we continue to strengthen our relationship with Mr. Al-Tamimi and align our working interests. Michael joins us at an exciting time as we look to progress our portfolio through further exploration and review other opportunities, and I believe his proven experience in developing resource assets will be of great value to Alecto."

Appendix

Apart from the information disclosed below there is no other information required to be disclosed under Rule 17 and Schedule Two, paragraph (g) of the AIM Rules.

Mr. Michael Desmond Ware, aged 65, has held the following directorships over the last five years:

**ENDS**

For further information, please visit www.alectominerals.com or contact:

Notes:

Alecto Minerals Plc is an AIM listed exploration company focussed on Africa with a diverse portfolio of exploration assets in Mauritania and Ethiopia. In Mauritania, it has three gold and base metal development licences totalling 1,902 sq km and two uranium licences totalling 1,592 sq km in the highly prospective Mauritanide mobile belt. It also holds a 1,953 sq km gold exploration licence in the highly prospective Aysid-Metekel region of western Ethiopia and the 945 sq km Wayu Boda exploration licence in the Adola greenstone belt, located some 450 km south of Addis Ababa. The Adola belt is host to the only currently operating gold mine in the country, Lege Dembi, and is highly regarded due to the large number of gold prospects currently under exploration

The Company is committed to conducting exploratory work across its portfolio, designed to strengthen its knowledge of the assets and delineate targets for further exploration. In tandem, the Board continues to evaluate a number of synergistic assets to build shareholder value.